Ascendiant Capital Markets Cuts Knightscope (NASDAQ:KSCP) Price Target to $23.00

Knightscope (NASDAQ:KSCP) had its price objective lowered by equities research analysts at Ascendiant Capital Markets from $26.00 to $23.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock.

Other equities analysts have also issued research reports about the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Knightscope in a report on Tuesday, June 9th. HC Wainwright reissued a “buy” rating and issued a $12.00 price target on shares of Knightscope in a research note on Tuesday, March 31st. Finally, Wall Street Zen upgraded shares of Knightscope from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.33.

Knightscope Price Performance

Shares of KSCP opened at $1.99 on Monday. The firm has a market cap of $33.67 million, a P/E ratio of -0.56 and a beta of 1.24. The stock has a 50 day simple moving average of $3.01 and a two-hundred day simple moving average of $3.71. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.51 and a quick ratio of 1.34. Knightscope has a 1 year low of $1.95 and a 1 year high of $10.14.

Knightscope (NASDAQ:KSCP) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.22). The business had revenue of $6.02 million for the quarter, compared to the consensus estimate of $3.65 million. Knightscope had a negative net margin of 257.99% and a negative return on equity of 143.53%. On average, analysts forecast that Knightscope will post -2.19 earnings per share for the current fiscal year.

Institutional Trading of Knightscope

Several large investors have recently modified their holdings of KSCP. Geode Capital Management LLC raised its position in Knightscope by 32.5% during the 2nd quarter. Geode Capital Management LLC now owns 53,372 shares of the company’s stock valued at $264,000 after purchasing an additional 13,081 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Knightscope in the 2nd quarter worth approximately $77,000. Envestnet Asset Management Inc. bought a new stake in shares of Knightscope in the 3rd quarter worth approximately $71,000. Vanguard Group Inc. increased its stake in shares of Knightscope by 9.6% during the third quarter. Vanguard Group Inc. now owns 276,857 shares of the company’s stock valued at $1,597,000 after buying an additional 24,283 shares during the period. Finally, Centiva Capital LP purchased a new position in shares of Knightscope during the third quarter valued at approximately $245,000. 14.61% of the stock is owned by institutional investors.

Knightscope Company Profile

Knightscope, Inc (NASDAQ: KSCP) is a technology company specializing in the design and deployment of autonomous security robots. The firm offers a robotics-as-a-service platform that integrates self-driving devices with artificial intelligence and machine learning capabilities to enhance perimeter security, detect anomalies and deliver real-time incident reporting.

Since its founding in 2013 and headquartered in Mountain View, California, Knightscope has developed a series of fully autonomous models—designated K1 through K7—suited for indoor and outdoor environments.